Zacks Rating on Beacon Roofing Supply (BECN)

Beacon Roofing Supply (BECN) : Zacks Investment Research ranks Beacon Roofing Supply (BECN) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.88, which indicates as a Buy.

Beacon Roofing Supply (BECN) stock is expected to deviate a maximum of $4 from the average target price of $51 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $57 and the most muted being $46.

Beacon

Shares of Beacon Roofing Supply, Inc. appreciated by 1.07% during the last five trading days but lost 1.99% on a 4-week basis. Beacon Roofing Supply, Inc. is up 9.88% in the last 3-month period. Year-to-Date the stock performance stands at 14.55%. Beacon Roofing Supply (NASDAQ:BECN): stock turned positive on Tuesday. Though the stock opened at $46.88, the bulls momentum made the stock top out at $47.51 level for the day. The stock recorded a low of $46.88 and closed the trading day at $47.17, in the green by 0.96%. The total traded volume for the day was 243,168. The stock had closed at $46.72 in the previous days trading.

Beacon Roofing Supply, Inc. is engaged in distributing residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials, including siding, windows, specialty lumber products and waterproofing systems for residential and nonresidential building exteriors. As of September 30, 2013, the Company operated 236 branches in 39 states and six Canadian provinces, carrying up to 11,000 stock keeping units (SKUs). It is a distributor of roofing materials in metropolitan markets in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada. The Companys customer base consists of more than 47,000 contractors, home builders, building owners, and other resellers primarily in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada.

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